Is Manchester, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Manchester has remained a Seller's Market.
Key Takeaway
Manchester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manchester, CT
How much do homes in Manchester, CT cost?
Median Sold Price
$294,250
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Manchester have sold for 11% more than they did a year ago.
Summary: The median home sold price in Manchester was $294,250 in April 2024, up 11% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $100K | +17.6% |
| 2 Bedrooms | $189K | $225K | +19.0% |
| 3 Bedrooms | $265K | $299.9K | +13.2% |
| 4 Bedrooms | $317K | $350.5K | +10.6% |
| 5+ Bedrooms | $305K | $367.5K | +20.5% |
Summary: Manchester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 20.5%.
Median Sold Price Compared To Nearby Cities
| South Windsor | $335K | $379K | +13.1% |
| Vernon Rockville | $252K | $279.9K | +11.1% |
| Manchester | $265K | $294.2K | +11.0% |
| Vernon | $252.5K | $279.9K | +10.9% |
| Bolton | $365K | $381.5K | +4.5% |
Housing Supply in Manchester, CT
How many homes are available in Manchester, CT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 120 | 124 | +3.3% |
Summary: The Manchester real estate market had 124 homes for sale in April 2024, a 3.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 25 | 27 | +8.0% |
| 3 Bedrooms | 57 | 53 | -7.0% |
| 4 Bedrooms | 25 | 28 | +12.0% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Manchester housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 47 | +30.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manchester, you could pay more than the asking price. 91.5% of homes here sold above asking price last month.
Summary: A total of 47 homes were sold or pending in Manchester in April 2024, up by 30.6% month-over-month. Of the 47 sold homes, 9% were sold under asking, 0% were sold at asking, and 91% were sold over asking.
Days on Market for Manchester, CT
We’re sorry, we don't have information for this market at the moment
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